Category: Gold & Silver Stocks 2017

Thursday, May 04, 2017

Precious metals moved visibly lower yesterday, but we can’t say the same about gold and silver mining stocks. The miners refused to follow the metals lower and the question is if this is a sign of a local (or major) bottom.

In our opinion, it’s too early to say so. Miners did outperform yesterday, but due to the recent major technical development (namely, the breakdown below the key long-term support line), the implications are not necessarily bullish.

Monday, March 06, 2017

The Fed will hike rates this month and signal further hikes to come. Gold prices have yet to fully digest this reality, and therefore there is a strong case for a major move lower in the yellow metal. A Le Pen victory in France could derail the Fed’s plans for a follow up hike in June, but in the short term the gold market is vulnerable to a sharp move lower. There are a number of trapped speculative longs in the futures and mining stocks and we are approaching a period of seasonal weakness. We target a move to $1050 initially, and see merits in a larger move to $720 should the Fed persist with further hikes.

Monday, February 27, 2017

BY STEPHEN MCBRIDE : Gold may have ended 2016 on a negative note, but the yellow metal is now up 7% since January. A big contributor to its rise is the large inflows into gold exchange-traded funds (gold ETFs). In 2016, inflows into gold ETFs were the second highest on record and accounted for 34% of total investment demand.

With inflows showing continued strength in 2017, why should investors avoid gold ETFs?

Saturday, February 25, 2017

The early stages of Gold bull markets (this one included) are characterized by strong outperformance from the miners. They will lead the metals and turning points and register strong outperformance. We saw that in the early 2000s, late 2008 to early 2009 and we have seen it again over the past year. During the recent rebound, the miners rallied back to the “Trump” resistance while Gold is not yet close to doing so. However, unfortunately for bulls, while Gold is now pushing higher above key levels, the gold stocks are lagging. This new and recent underperformance suggests the gold stocks have made an interim peak and will remain entrenched in a correction or consolidation.

Friday, February 17, 2017

The gold miners’ stocks have blasted higher in this young new year, far outpacing the broader markets. But surprisingly gold stocks’ trading volume has diverged from their powerful rally. Volume has actually been waning on balance since gold stocks’ newest upleg was born in mid-December. While volume is a complex nuanced indicator, this bullishly suggests that major gold-stock buying hasn’t even started yet.

Naturally price action is the most-important technical indicator, exposing underlying supply-and-demand trends for anything. The shares of precious-metals miners and explorers have surged this year because investor demand exceeds supply. The capital flowing into this beaten-down sector is overwhelming the numbers of shares sellers are willing to part with, bidding up stock prices and driving their sharp rally.

Friday, February 10, 2017

Gold stocks are on fire this year, powering higher in market-dominating performance. This is a massive reversal from their dark fourth quarter, with 6/7ths of those losses already erased. But this strong new upleg still remains young and small by historical standards. Gold stocks’ recent rally is only the vanguard of another major bull-market upleg. This sector’s bullish technicals reveal vast upside potential from here.

The gold miners are a small contrarian stock-market sector that isn’t widely followed. Hearing about how the gold stocks are faring in the mainstream financial media is pretty rare. So this sector generally flies under the radars of the great majority of speculators and investors. That’s rather unfortunate, because the gold stocks have enjoyed some of the greatest gains in all the stock markets in this young century.

Thursday, February 02, 2017

Gold has underperformed both in nominal and real terms. Last week it formed a bearish reversal in nominal terms and against foreign currencies. However, the good news for bulls is the US Dollar Index lost support at 100, due to the Trump administration’s tough talk against Germany (and the Euro). Couple that with no movement from the Fed and the greenback should continue its decline, thereby juicing the current rebound in Gold and especially gold stocks.

Friday, January 06, 2017

The gold miners’ stocks are rocketing higher again after suffering a rough few months. Following sharp selloffs on gold-futures stops being run, the Trumphoria stock-market surge, and a more-hawkish-than-expected Fed, this battered sector had largely been left for dead. But gold stocks’ strong fundamentals finally overcame the dismal herd sentiment last week, paving the way for this sector to shine again in 2017.

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.(c) 2005-2017 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use.
From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.